Deduction of Income tax for the FY 2024-25 – Guidelines emphasizing early start, arrears, proof submission, and system automation.
Deduction of Income tax for the FY 2024-25 – Guidelines emphasizing early start, arrears, proof submission, and system automation. Principal Controller of Defence Accounts (Central Command) 1 Cariappa Road, Lucknow Cantt.— 226002 No. AN/Pay/1/Circular.2024-25 Date: 06.03.2024 To, The Officer in4 Charge All Section of Main Office All sub Office under the PCDA (CC) Lucknow Sub: Deduction of Income tax for the FY 2024-25. *** As per Section 192 of income Tax Act- Any salary disbursing authority shall, at the time of Payment, deduct income tax on the amount payable at the average rate of Income Tax Computed on the basis of the rates of Tax in force or the financial year in which payment is made, on the estimated income of the assesse under this Head for the Financial Year. 2, On account of aforesaid provisions and order to avoid last hour rush at the end of the Financial Year it is directed that he income tax in the FY 2024-25 may be deducted in the following manner: Income tax deduc...